Paramount May Sell Kids Channels to Secure EU Approval for $110 B Warner Merger

Paramount has indicated it could divest its European children‑TV assets, such as Nickelodeon, to address antitrust concerns in the European Commission’s review of its $110 billion merger with Warner Bros. Discovery. The EU regulator has until early July to either approve the deal or launch a more detailed investigation, and officials are focused on whether the combined market share in the children’s channel segment would exceed 40 % in any country.

Industry analysts cite the joint control of Nickelodeon and Cartoon Network as the merger’s most sensitive point. If the Commission finds the combined position harmful to competition, Paramount may be forced to sell the channels as a last‑resort concession. The transaction also draws attention from cinema operators who are watching the merger’s impact on theatrical windows. The deal, which would bring together major franchises such as Harry Potter, Mission: Impossible and Casablanca under one umbrella, remains under scrutiny in the United Kingdom and the United States as well.